Member Info for mitchoftheday

Thanks much Olly!
Terry Perles' closing remarks make good reading:
"We do anticipate that Western prices will follow Chinese prices up in the coming weeks. Over the balance of the year, we expect upward pressure on vanadium prices globally, as Chinese consumption continues to expand with limited supply increases possible in the near-term causing further completion of inventory and further tightness in the market.

So I guess the takeaway is we did see production surpass consumption in the first quarter. We still have a massive amount of inventory that's been depleted from the system globally. And looking forward, we're seeing consumption accelerating now in China. And supply is very slowly increasing and we do expect a deficit again this year."

Ouch, bassguy, that hurts. I hope things get better very quickly for him, and so for those who love him.

Alfa and Bassguy: Re Tesla batteries
And the source seems legit:
"So far data collected by Tesla shows the batteries should run for more than 500,000 miles on a single battery
pack *according to a CapEx Purchasing Intern* at Tesla."

Just came across this cool video from Vanitec highlighting the advantages of VRFBs over lithium. It was posted by Mikhail on LinkedIn. Apols if it's been posted here before.
http://tiny.cc/xg239y

Anyone going to the AGM tomorrow?

I very much agree with you spindok.
Breaking into the Middle East with a good sized contract, getting further embedded in Compass internationally, Interserve renewing and a very interesting sounding project in Ireland, all represent tangible progress. They are also making good progress with the NHS.
The final comment - "I reiterate my confidence in the sales growth strategy that commenced in 2018" - tops it off nicely.
I'm not sure when the market will notice, 2018 is looking very promising. With a forward P/E of 16 it's not in the bargain bucket right now BUT if you look a the PEG ratio (which factors in projected growth. Anything below 1 indicates a good price now given growth prospects; below 0.5 is excellent. TIDE is currently 0.26 :-o)
We also know that operational gearing is very high here - new customers add little to costs. Definltely one to tuck away.

Obelix
According to the NRR website these were the key holdings, as of June 7th (i.e .after the latest RNSs):
Invesco 26%
Woodford 14.9%
St James' Place 5%
Blackrock 4.5%
Total 50.4%
The directors have less than 1% between them (which surpised me. ) So the free float is probably quite close to 50%.

I too think we may be on the cusp of something now. I first bought in here about 5 or 6 years ago (at 1.3p) but had to sell out at about 3p because I needed the cash.
I always thought they were on a good trajectory though, and I have nothing but respect for the management team.
Anyhoo, I'm back in now with a starter for 87k shres this pm. I notice there were a couple of big buys after me though. Someone's confident!

Not sure where you're going with that question gkb, but they could have had a stake just under 3% - the notification threshold - for any amount of time. That is, they are could well have figured it out a while ago.

Either way the recent results announcement - 30th April - made it clear that the investment in sales people has increased the pipeline over 250%, margins are high and so is operational gearing.

Add that to the fact that this is not a typical AIM company prone to overstating their prospects and overpaying their board, means that any microcap analyst worth their salt should at least be paying attention. In this case they did a lot more than that!

Well, that's an interesting development: an II that's invested c £550k in TIDE for a 5% stake.

After a quick bit of ferreting about on the interweb I find that Liontrust has a growth-oriented UK Micro Cap fund that, to quote their own blurb, "invests primarily in profitable, UK headquartered companies with high managerial ownership and a market capitalisation of under £150m. The Fund uses the EconomicAdvantage investment process which seeks to identify companies with a durable competitive advantage, allowing them to defy industry competition and sustain a higher than average level of profitability for longer than expected."

As much as anything, I find the timing interesting, as we have been told that there's a fat pipeline of potential sales. Obviously, DYOR.

https://webcasting.brrmedia.co.uk/broadcast/5cc315de3c8e41495e2420cb

I like this company. They control costs very well and have a business model that delivers high operational gearing on sales i.e. much of the incremental revenue drops though to the bottom line. The recent investment in top end sales folk is not the way the have historically behaved, but promises much if/when it pays off. I will be adding on this news.

From Brokers Ahern Partners:
"We believe Crimson Tide’s implied beat at its FY trading update will be well received by the market in the context of a 37% share price decline over the past 12 months. The shares now trade on 2.6x 2019E EV/sales. In our view, this is undemanding given its robust mid-term growth prospects and low churn/high visibility business model. We reiterate our Buy rating."

Fair point.

@ninjamagic Oh it *so* is a thing! You're right in so far as most of us are in the 21st century. I know, having been there, that the EIC is not. But that s OK with you. Talk about everyday sexism and racism, you'd be hard placed to a better exemplar. Good of you, and sooo sensitive, to speak for Fortune on the subject. Tone deaf, much? But let's let this board decide on how appropriate a venue this is. I'm interested to know.

Reality check fellas. East India Club looks like a fine early 19th century experience but I think you have to be an old white guy to get in. (My dad was a member, and I declined the chance to join.) Do they let women in? Serious question. And Fortune might have a bit of a problem with it. Just sayin'

Thanks Paludina. It looks like that figure is out of date. If we assume a realistic (?) target for 2019 of 3400mtv, the US is taking 90% currently.
That's very good news while the V price is highest in the US. I wonder how much is going to UET to make electrolyte?

Q for Ophidian and/or Paludina:

Does this mean that a large majority of our output is now going to the US?
Do i recall correctly that it used to be only about half?

And just to add to what Leafie said, you can keep ISAs going, but the jurisdiction you move to may not recognise the protections it gives in the UK: Income tax on divis, CGT when you sell and there may be a wealth tax based on the amount saved in it. All three apply in Spain. :-(

Well they are called Hongkies.

PS And check your gmail.